Wang's first attempt at a word processor was the Wang 1200, announced in late 1971, but not available until 1972.
One cassette held roughly 20 pages of text, and could be "played back" (e.g., the text retrieved) by printing the contents on continuous-form paper in the 1200 typewriter's "print" mode.
The stored text could also be edited, using keys on a simple, six-key array.
It was developed under contract to Compugraphic, who manufactured phototypesetters.
Compugraphic retained the rights to manufacture the Linasec without royalty.
He created a second class of stock, class B, with higher dividends, but only one-tenth the voting power of class C.